A share price of Applied Materials Inc [AMAT] is currently trading at $171.65, down -3.02%. An important factor to consider is whether the stock is rising or falling in short-term value. The AMAT shares have gain 4.75% over the last week, with a monthly amount drifted -0.12%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, Morgan Stanley downgraded its rating to Underweight on December 05, 2024, and dropped its price target to $164. On November 15, 2024, TD Cowen reiterated its Buy rating and revised its price target to $230 on the stock. Barclays upgraded its rating to a Equal Weight and increased its price target to $225 on June 05, 2024. TD Cowen reiterated its recommendation of a Buy and raised its price target to $250 on May 17, 2024. Jefferies downgraded its rating to Hold for this stock on May 13, 2024, and downed its price target to $210. In a note dated April 16, 2024, Evercore ISI initiated an Outperform rating and provided a target price of $260 on this stock.
Applied Materials Inc experienced fluctuations in its stock price throughout the past year between $148.24 and $255.89. Currently, Wall Street analysts expect the stock to reach $232.6 within the next 12 months. Applied Materials Inc [NASDAQ: AMAT] shares were valued at $171.65 at the most recent close of the market. An investor can expect a potential return of 35.51% based on the average AMAT price forecast.
Analyzing the AMAT fundamentals
Trailing Twelve Months sales for Applied Materials Inc [NASDAQ:AMAT] were 27.16B which represents 5.04% growth. Gross Profit Margin for this corporation currently stands at 0.47% with Operating Profit Margin at 0.29%, Pretax Profit Margin comes in at 0.3%, and Net Profit Margin reading is 0.26%. To continue investigating profitability, this company’s Return on Assets is posted at 0.21, Equity is 0.39 and Total Capital is 0.3. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.33.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 169.20 points at the first support level, and at 166.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 174.41, and for the 2nd resistance point, it is at 177.17.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Applied Materials Inc [NASDAQ:AMAT] is 2.51. On the other hand, the Quick Ratio is 1.87, and the Cash Ratio is 0.95. Considering the valuation of this stock, the price to sales ratio is 5.14, the price to book ratio is 7.39 and price to earnings (TTM) ratio is 19.94.
Transactions by insiders
Recent insider trading involved Iannotti Thomas J, Director, that happened on Jun 21 ’24 when 9827.0 shares were sold. President, Semi. Products Grp., Raja Prabu G. completed a deal on Jun 18 ’24 to sell 50000.0 shares. Meanwhile, President and CEO DICKERSON GARY E sold 0.4 million shares on Jun 18 ’24.
